Sand Springs Municipal Authority AgendaPacket 2026-06-22
Municipal Property Insurance with OMAG Renewed for FY27
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Description
Sand Springs plans to renew its Municipal Property Protection Plan with Oklahoma Municipal Assurance Group for FY27 at an annual premium of $227,224. The renewal includes a deductible increase to $5,000 and reflects added property items and a 5% premium increase.
Contract Details
Contract Amount
$227,224.00
Vendor
OKLAHOMA MUNICIPAL ASSURANCE GROUP
Agency
City of Sand Springs, OK
Contract Type
INSURANCE
Document Date
June 22, 2026
Contract Term
Fiscal Year 2027 (FY27)
Renewal Date
2027-06-30
Renewal Info
Annual property protection coverage with OMAG renewed for FY27, with higher deductible and premium. Renewal cycle expected annually via budget process.
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